The Efficiency of the Dollar-Sterling Gold Standard, 1890-1908
Bibliographic Data
| ID | 10179178 |
|---|---|
| Authors | Lawrence H Officer (corresponding author) |
| Year | 1986 |
| Volume | 94 |
| Issue | 5 |
| Pages | 1038-1073 |
| Publication date | 1986-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261421 |
| OpenAlex | W2057617147 |
| Language | EN |
| Citations received | 14 |
| References cited | 10 |
The gold standard in 1890-1908 period was efficient by any criterion: the number of gold point violations was small; violations did not persist; gold movements occurred in the predictable, profitable, direction in response to violations; and the mean absolute exchange rate (for 1881-1900) was at exactly half the average of the gold points. The actions of the Bank of England and U.S. Treasury in manipulating gold points were consistent with the "rules of the game" and in fact facilitated the efficiency of the gold standard. In contrast, the operations of banking syndicates were of a nature to generate inefficiencies, but the evidence is that they did not have this effect
Economics · Exchange rate · Gold standard (test · Liberian dollar · Monetary economics · Point (geometry · Political science · Statistics · Treasury · Us dollar · Finance · Global Financial Crisis and Policies · Law · Market Dynamics and Volatility · Mathematics · Monetary Policy and Economic Impact
Explaining premiums for Spanish and Mexican silver coins in Qing and Republican China
The efficiency of the London Gold Fixing
Measuring Market Integration
Competing Bimetallic Ratios
Taming the Global Financial Cycle
The Gold Standard as a “Good Housekeeping Seal of Approval”
The Remarkable Efficiency of the Dollar-Sterling Gold Standard, 1890–1906
Reading a Target Zone in Keynes's `Indian Currency and Finance
Exchange rate politics
Blocs, Zones and Bands
Arbitrage during the Dollar-Sterling Gold Standard, 1899-1908
Canadian banks, gold, and the crisis of 1907
Did monetary policy matter? Narrative evidence from the classical gold standard
Monetary Populism in Nineteenth-Century America
The Treasury Reserve and the Bond Syndicate
Violations of the Gold Points, 1890-1908
Dollar-Sterling Mint Parity and Exchange Rates, 1791–1834
Foreign Interest Rates in American Financial Markets
Money and Currency
Bank of England Operations, 1890-1914
International Gold Movements
A Monetary History of the United States, 1867-1960
A Dollar-sterling Exchange, 1803-1895
| Citations per year | 0.37 |
|---|---|
| Citation span | 1988 - 2025 (38) |
| Highly cited | No |